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Ocean Bio-Chem, Inc. : Ocean Bio-Chem, Inc. Reports Record 2nd Quarter and Six Months 2009 Sales Results

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  Published in House and Home on Thursday, July 23rd 2009 at 7:15 GMT, Last Modified on 2009-07-23 07:15:19 by Market Wire
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FORT LAUDERDALE, FL--(Marketwire - July 23, 2009) - Ocean Bio-Chem, Inc. (NASDAQ: [ OBCI ]) reported today that net sales for the 2nd quarter 2009 were up 15% to approximately $5,715,000 compared to $4,991,000 for the comparative quarter of 2008, an increase of $724,000. For the six months ended June 30th, 2009, net sales were approximately $9,825,000 compared to net sales of $8,736,000 for the comparative 2008 period, an increase of $1,089,000 or 12%.

Ocean Bio-Chem President and CEO Peter Dornau commented, "The performance in the second and six month periods of 2009 are both record high sales for a second quarter and six month period. We believe the increases in sales are reflective of our aggressive marketing/advertising campaigns, the addition of a number of new customers in new markets, along with the growth in our core marine business which stems from a resurgence in boat usage due to affordable fuel costs."

Peter Dornau continued, "I am very pleased at the progress we are making in a difficult economy increasing brand awareness and implementing our sales and marketing plans. As previously announced, we acquired a $2 million dollar private label contract, that will ship in the current 3rd quarter and 4th quarter of this year."

About Ocean Bio-Chem

Ocean Bio-Chem, Inc. manufactures and markets a full line of maintenance and care products for boats, recreational vehicles, automobiles, motorcycles and aircraft. Products are sold under the Starbrite™ name. The Company trades publicly under NASDAQ SmalICap Ticker Symbol: OBCI. The Company's web sites are: [ www.oceanbiochem.com ], [ www.starbrite.com ] and [ www.startron.com ].

NOTE: The foregoing is news relating to Ocean Bio-Chem, Inc. (OBCI or "the Company") and contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements Involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. When used in this report, the words "anticipate," "believe," "estimate," "expect" and similar expressions as they relate to the Company or its management, including without limitation the Company's other subsidiaries, are Intended to identify such forward-looking statements. The Company's actual results, performance or achievements could differ materially from the results expressed in, or implied by these forward-looking statements. For more detailed information the reader is referred to the Company's 10-K and other documents filed with the United States Securities and Exchange Commission.